Judging by the daily declining price, we can safely say that the coin lose hope and begin to sell it for a penny at least to get.
Like many projects, the problem is in the real sector of application.
And while it is not, or else there will be positive news about how the development and so on., the higher the price we will not see, I can offer that the price will go even lower.
I agree. Although the CEO stated they will revamp the website and have good news soon, I believe ROI chasers are exiting the project because MN rewards are declining and still MN count is rising. This means less rewards and longer waiting times..
I am surprised at the amount of coins being sold though.. the supply is not that big and a lot is locked in MN, so you'd think sell orders would've dried up more by now.
I do think that they shouldn't have started the second project since they don't have enough time in which the main LPC/
So why so much to sell, I certainly understand that they want to go out, but why so dump the price, so many coins on the stock exchange does not do anything good, for a week more than 200 nodes where it is good
I kind of feared the same when I saw the announcement of LGS, but I didn't think it was a bad thing from the start. Coin devs can develop/manage more than one coin at a time when you have a team in place that takes care of other sides of the business.
But at times, it does seem like they stretched themselves thin.. I hope for a recovery, but it's looking pretty bad at the moment.